In a keynote address at Btc Prague on June 9, 2023, MicroStrategy CEO Michael Saylor said that Bitcoin is the best hedge against inflation. He argued that Bitcoin is a scarce asset that is not subject to government control, making it a safe haven for investors in times of economic turmoil.

Saylor also said that Bitcoin is a better store of value than gold. He pointed out that gold has lost over 50% of its purchasing power in the last 50 years, while Bitcoin has increased in value by over 100,000%.

Saylor's comments come at a time when inflation is at a 40-year high in the United States. The Federal Reserve is expected to raise interest rates in an effort to combat inflation, but this could lead to a recession. Saylor believes that Bitcoin will be a safe haven for investors during this time.

"Bitcoin is the best hedge against inflation," Saylor said. "It's the only asset that has outperformed gold in the last 50 years. It's the only asset that is not subject to government control."

Saylor is not the only one who believes that Bitcoin is a good hedge against inflation. A recent study by JPMorgan Chase found that Bitcoin has a negative correlation with inflation, meaning that when inflation rises, the price of Bitcoin tends to go up.

The study also found that Bitcoin is a better hedge against inflation than gold, stocks, and bonds. This is because Bitcoin is a digital asset that is not subject to the same economic forces as traditional assets.

As inflation continues to rise, it is likely that more investors will turn to Bitcoin as a hedge against inflation. Saylor's comments at Bitcoin Prague are a sign that institutional investors are taking Bitcoin seriously as a store of value.

What does this mean for the future of Bitcoin?

Saylor's comments at Btc Prague are a sign that Bitcoin is becoming increasingly mainstream. As more institutional investors invest in Bitcoin, the price of Bitcoin is likely to continue to rise.

This could lead to a more widespread adoption of Bitcoin as a form of payment. If more businesses start accepting Bitcoin, it could become a more common way to buy goods and services.

The future of Bitcoin is still uncertain, but Saylor's comments suggest that it could be a major player in the global economy.